Mozambique - Nikulipe

Mozambique

Mozambique, celebrated for its stunning coastline and rich cultural heritage, is home to over 35 million people and Portuguese is the official language. The country has an E-commerce market size of 703 million USD, with a high expected compound annual growth rate (CAGR) of 30% for the next four years, reaching 2 billion by 2029. International merchants should take notice of Mozambique’s expanding e-commerce market as it offers significant economic potential.

Regions

Eastern Africa

Country Facts

Capital Maputo
Urban population 39.9%
Population 35.6 M
Median age 16.6 Yr

GDP 21 Bn USD
Official Language Portuguese
Currency Mozambican metical

E-Commerce Facts

E-commerce market revenue 703 M USD
E-commerce growth 30%

Online shopping habits To pay online, 64% of locals above age 15 use Mobile Money.

People with mobile phone (% age 15+)

54.6%
People with internet access (% age 15+)

30.2%
People with bank account (% age 15+)

38.6%
People with credit card (% age 15+)

10.9%

Mobile Money users (12.7 M)
Total population >15 years

Growth Opportunities

International merchants looking to expand their online sales into Mozambique have a lot of opportunities in this country. Here are a few examples among many others:

● With only 38% of the adult population having a bank account and minimal credit card usage, mobile money payment method is preferred. Such payment option is already used by 64% of adult Mozambicans, making mobile payments the preferred digital payment method for E-commerce transactions.

● The E-commerce market of 703 M USD in Mozambique is growing further rapidly, with an expected compound annual growth rate (CAGR) of 30%. By 2029, it is expected that the E-commerce market will be 2 billion USD.

● Digital infrastructure in Mozambique is developing rapidly. Mobile penetration in Mozambique is at 55%, and ongoing investments in 4G, 5G networks are enhancing internet access. Affordable smartphones are also making digital services more accessible to a broader audience.

The E-commerce sector of Mozambique is expanding quickly. With strategic investments into infrastructure, it has a lot of room to grow in the near future.